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Accrued Expenses and Other Liabilities
9 Months Ended
Sep. 30, 2025
Payables and Accruals [Abstract]  
Accrued Expenses and Other Liabilities
10.
Accrued Expenses and Other Liabilities.

Accrued expenses and other liabilities consist of the following (in thousands):

 

 

September 30, 2025

 

 

December 31, 2024

 

Accrued preclinical and clinical trial expenses

 

$

1,060

 

 

$

267

 

Accrued professional fees

 

 

9,938

 

 

 

11,011

 

Accrued compensation and benefits

 

 

10,573

 

 

 

10,746

 

Accrued license fees

 

 

31,058

 

 

 

30,991

 

Accrued purchases

 

 

638

 

 

 

447

 

Operating lease liability

 

 

428

 

 

 

402

 

Accrued gross-to-net revenue liabilities

 

 

63,037

 

 

 

44,939

 

Accrued income tax

 

 

710

 

 

 

894

 

Due to licensor

 

 

1,104

 

 

 

3,582

 

Accrued interest payable

 

 

251

 

 

 

389

 

Other

 

 

842

 

 

 

417

 

Current accrued expenses and other liabilities

 

 

119,639

 

 

 

104,085

 

Lease liability – non-current

 

 

2,461

 

 

 

2,786

 

Other – non-current

 

 

161

 

 

 

315

 

Non-current accrued expenses and other liabilities

 

 

2,622

 

 

 

3,101

 

Total accrued expenses and other liabilities

 

$

122,261

 

 

$

107,186